Tag: Morgan

Berlin-based e-scooter startup TIER Mobility raises €55 million Series B funding round

Berlin-based provider of micro-mobility solutionsTIER Mobility, which specialises in e-scooters, is part of an ongoing transformation of transportation, relieving cities from emissions and congestion.

Founded in October 2018, Tier currently operates in over 40 cities across 12 markets worldwide, and has now raised €55 million in a Series B funding round led by Mubadala Capital and Goodwater Capital.

The company also welcomes AXA Germany and Evli Growth Partners as new investors, in addition to further participation from all existing investors, including White Star Capital, Northzone, Speedinvest, Point9, Indico, Kibo Ventures, Market One Capital and selected business angels like Nico Rosberg.

TIER Mobility will use proceeds to accelerate its European expansion strategy and continue to build the leading micro-mobility platform for citizens, city authorities and public transportation partners.

Since its funding round in February 2019, TIER Mobility has expanded operations to over 40 ..

STRIVE, ITOCHU invest in Japanese flying car developer SkyDrive’s $14m round

Japanese flying car developer SkyDrive has secured $14 million in a fresh funding round, which will finance the startup to carry out flight tests with humans on board. Tokyo-based venture capital firm STRIVE III Limited Liability Partnership and ITOCHU Technology Ventures, the venture capital arm of Japanese ITOCHU Corporation, poured money into the new round.… Continue reading STRIVE, ITOCHU invest in Japanese flying car developer SkyDrive’s $14m round

GM can withstand losses of UAW strike — because of what it stands to gain

CLOSE UAW Local 598 members sing during 50th anniversary of 1969 strike at Fisher Body Plant 2 in Flint while remembering he longest strike in GM history. Ryan Garza, Detroit Free Press Some analysts estimate the UAW’s nationwide strike against General Motors has cost the company about $1 billion so far. But GM can withstand the… Continue reading GM can withstand losses of UAW strike — because of what it stands to gain

UAW cites ‘significant progress’ in Ford talks as GM strike continues

WASHINGTON (Reuters) – The United Auto Workers union said on Thursday it has made “significant progress” in contract talks with Ford Motor Co (F.N), even as a strike at General Motors Co (GM.N) is in its third week. FILE PHOTO: General Motors assembly workers picket outside the General Motors Bowling Green plant during the United… Continue reading UAW cites ‘significant progress’ in Ford talks as GM strike continues

What it’s really like behind doors of GM, UAW contract talks

CLOSE The UAW’s elected bargaining committee stand “solidarity strong” at the main bargaining table where they are negotiating with General Motors bargainers for a new tentative agreement.  (Photo: UAW) Late nights, early mornings and a lot of hurry up to wait. That’s the life of UAW and General Motors bargainers who are enduring a process that… Continue reading What it’s really like behind doors of GM, UAW contract talks

Auto workers’ strike pushes GM losses past $1 billion

The workers strike against General Motors — now in its third week — has cost the automaker more than $1 billion during the third quarter, according to a research note from J.P. Morgan analyst Ryan Brickman. And those losses are accelerating with each passing week. GM lost about $480 million during the first week of… Continue reading Auto workers’ strike pushes GM losses past $1 billion

Press: ZF Friedrichshafen AG, through its wholly-owned subsidiary ZF International B.V., has successfully placed 8.9 million shares in Haldex AB with institutional investors

Friedrichshafen (Germany), September 20, 2019 – ZF Friedrichshafen AG, through its wholly-owned subsidiary ZF International B.V. (“ZF”), has successfully placed c. 8.9 million shares in Haldex AB (“Haldex”), representing approximately 20% of Haldex’s outstanding share capital, with institutional investors in an accelerated bookbuilding process (“Offering”). The placement price was SEK 50.00 per share and represents… Continue reading Press: ZF Friedrichshafen AG, through its wholly-owned subsidiary ZF International B.V., has successfully placed 8.9 million shares in Haldex AB with institutional investors

Wales’ first electric bus to hit the road

Media playback is unsupported on your device Wales’ first electric bus will start work on the roads of Newport this week. Newport Transport has bought a former demonstration bus which will be the first in Wales to be used on a permanent basis. The city, along with Cardiff and Caerphilly, has won grant funding from… Continue reading Wales’ first electric bus to hit the road